China Materialia’s portfolio company, ZipLine Medical, Inc. announced today that it has been awarded “2014 Best New Technology In Spine Care” by Orthopedics This Week for the Zip® Surgical Skin Closure device. The award was presented to ZipLine Medical’s President and CEO, John Tighe, at the North America Spine Society’s annual scientific meeting in San Francisco. The Zip® Surgical Skin Closure was selected by a distinguished panel of 5 board-certified orthopedic and spine surgeons on the basis of its originality, clinical relevance (including would the judges use the product themselves) and likelihood of improving patient outcomes.
The award follows news announced last month that ZipLine Medical closed a $5.7 million extension to its Series C financing, the proceeds of which will be used to expand sales and marketing activities for commercialization of Zip®.
“We are very pleased that Orthopedics This Week, the most widely read publication in Orthopedics, has recognized the noninvasive Zip® device as a transformative technology for surgical spine procedures,” said John Tighe, President and CEO of ZipLine Medical. “More and more surgical specialties are discovering that the Zip® not only offers significant benefits to patients but also is designed to reduce healthcare costs.”